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Derivative Financial Instruments (Tables)

6 Months Ended

Sep. 29, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments

Presented below in tabular form is information on the location and amounts of derivative fair values in the Consolidated Condensed Balance Sheets and derivative gains and losses in the Consolidated Condensed Statements of Income:

Fair Value of Derivative Instruments

September 29, 2024 and March 31, 2024

						Derivatives and Hedging  Activities Designated as Cash Flow Hedges												Derivatives and Hedging Activities Designated as Net Investment Hedges												Derivatives and Hedging Activities Not Designated as Hedging Instruments
						September 29, 2024						March 31, 2024						September 29, 2024						March 31, 2024						September 29, 2024						March 31, 2024
Prepaid and other current assets:
Lead forward contracts						$	—					$	—					$	—					$	—					$	—					$	—
Foreign currency forward contracts						—						396						—						—						72						—
Net investment hedges						—						—						—						—						—						—
Other assets:
Interest rate swaps						—						2,696						—						—						—						—
Net investment hedges						—						—						—						—						—						—
Total assets						$	—					$	3,092					$	—					$	—					$	72					$	—
Accrued expenses:
Lead forward contracts						$	576					$	835					$	—					$	—					$	—					$	—
Foreign currency forward contracts						268						—						—						—						—						391
Other liabilities:
Interest rate swaps						1,601						—						—						—						—						—
Net investment hedges						—						—						30,258						19,167						—						—
Total liabilities						$	2,445					$	835					$	30,258					$	19,167					$	—					$	391

The Effect of Derivative Instruments on Consolidated Condensed Statements of Income

The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income

For the quarter ended September 29, 2024

Derivatives Designated as Cash Flow Hedges						Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)						Location of Gain (Loss)  Reclassified from AOCI into Income (Effective Portion)						Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
Lead forward contracts						$	(3,123)					Cost of goods sold						$	1,783
Foreign currency forward contracts						(539)						Cost of goods sold						227
Interest rate swaps						(4,313)						Interest expense						248
Total						$	(7,975)											$	2,258

Derivatives Designated as Net Investment Hedges						Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)						Location of Gain (Loss)  Reclassified from AOCI into Income (Effective Portion)						Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
Cross currency fixed interest rate swaps						$	(12,375)					Interest expense						$	711
Total						$	(12,375)											$	711

Derivatives Not Designated as Hedging Instruments			Location of Gain (Loss) Recognized in Income on Derivatives						Pretax Gain (Loss)
Foreign currency forward contracts			Other (income) expense, net						$	1,429
Total									$	1,429

The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income

For the quarter ended October 1, 2023

Derivatives Designated as Cash Flow Hedges						Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)						Location of Gain (Loss)  Reclassified from AOCI into Income (Effective Portion)						Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
Lead forward contracts						$	1,903					Cost of goods sold						$	453
Foreign currency forward contracts						(40)						Cost of goods sold						(235)
Interest rate swaps						1,614						Interest expense						—
Total						$	3,477											$	218
Derivatives Designated as Net Investment Hedges						Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)						Location of Gain (Loss)  Reclassified from AOCI into Income (Effective Portion)						Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
Cross currency fixed interest rate swaps						$	3,701					Interest expense						$	—
Total						$	3,701											$	—

Derivatives Not Designated as Hedging Instruments			Location of Gain (Loss) Recognized in Income on Derivatives						Pretax Gain (Loss)
Foreign currency forward contracts			Other (income) expense, net						$	(701)
Total									$	(701)

The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income

For the six months ended September 29, 2024

Derivatives Designated as Cash Flow Hedges						Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)						Location of Gain (Loss)  Reclassified from AOCI into Income (Effective Portion)						Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
Lead forward contracts						$	(392)					Cost of goods sold						$	297
Foreign currency forward contracts						(191)						Cost of goods sold						276
Interest rate swaps						(3,231)						Interest expense						1,066
Total						$	(3,814)											$	1,639

Derivatives Designated as Net Investment Hedges						Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)						Location of Gain (Loss)  Reclassified from AOCI into Income (Effective Portion)						Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
Cross currency fixed interest rate swaps						$	(10,116)					Interest expense						$	975
Total						$	(10,116)											$	975

Derivatives Not Designated as Hedging Instruments			Location of Gain (Loss) Recognized in Income on Derivative						Pretax Gain (Loss)
Foreign currency forward contracts			Other (income) expense, net						$	1,783
Total									$	1,783

The Effect of Derivative Instruments on the Consolidated Condensed Statements of Income

For the six months ended October 1, 2023

Derivatives Designated as Cash Flow Hedges						Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)						Location of Gain (Loss)  Reclassified from AOCI into Income (Effective Portion)						Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
Lead forward contracts						$	2,378					Cost of goods sold						$	3,548
Foreign currency forward contracts						859						Cost of goods sold						(64)
Interest rate swaps						6,463						Interest expense						630
Total						$	9,700											$	4,114

Derivatives Designated as Net Investment Hedges						Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)						Location of Gain (Loss)  Reclassified from AOCI into Income (Effective Portion)						Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
Cross currency fixed interest rate swaps						$	911					Interest expense						$	112
Total						$	911											$	112

Derivatives Not Designated as Hedging Instruments			Location of Gain (Loss) Recognized in Income on Derivative						Pretax Gain (Loss)
Foreign currency forward contracts			Other (income) expense, net						$	(1,204)
Total									$	(1,204)

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Schedule of Derivative Instruments Effect on Other Comprehensive Income Loss and Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) Reclassified to Earnings [Table Text Block]

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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